Elon Musk has admitted that his latest gig as the leader of Donald Trump’s Department of Government Efficiency—a project humorously titled D.O.G.E—might not deliver on its ambitious promises.

Elon, who initially said he could slash $2 trillion from the federal budget, called the figure a “best-case outcome” during an interview on X, formerly Twitter. The eccentric billionaire told political analyst Mark Penn that the $2 trillion goal wasn’t entirely out of reach but said, “We’ve got a good shot at $1 trillion.”

Critics were quick to remind him that the entire discretionary budget is only $1.7 trillion, making his original target sound more like a sci-fi fantasy.

Big cuts, bigger questions

D.O.G.E was commissioned by Trump to “streamline government” as part of his second-term agenda. Co-leading with biotech entrepreneur Vivek Ramaswamy, Elon has tasked the advisory panel with identifying inefficiencies in federal spending.

But despite its lofty goals, D.O.G.E has no formal power. It would still depend on Congress and the White House to enact its recommendations. Trump’s transition team hasn’t commented on Elon’s revised projections, but experts are already skeptical.

Achieving $1 trillion in savings would require cutting deeply into mandatory spending programs like Medicaid, a move guaranteed to provoke a political backlash. Elon himself acknowledged the difficulty, saying, “Hardship” might follow some of the proposed cuts.

While Elon declined to specify which programs are under the knife, he described federal spending as a “very target-rich environment for saving money.” He added that reducing the deficit by even $1 trillion could stabilize inflation by allowing economic growth to outpace the money supply. “No inflation,” Elon called it. “That would be an epic outcome.”

Pentagon waste and bipartisan backers

Surprisingly, Elon’s budget-slashing crusade has attracted support from unlikely places. Senator Bernie Sanders, a long-time critic of military spending, aligned himself with Elon’s focus on defense cuts.

The Pentagon, which has an $886 billion budget, has failed its audits seven times in a row, leaving billions of dollars unaccounted for. “The system is corrupt,” Sanders declared, calling for an end to waste in defense contracts.

Representative Ro Khanna, a Democrat from Silicon Valley, echoed Sanders’ stance. “Defense contractors have been fleecing the American people for far too long,” he said.

Florida Representative Jared Moskowitz became the first Democrat to officially join the D.O.G.E caucus, a group committed to Elon’s efficiency goals. Soon after, Ohio Democrat Greg Landsman joined as well, saying, “You wanna be in the room where it happens.”

The inaugural D.O.G.E caucus meeting in December brought a peculiar mix of lawmakers, including Democrats Steven Horsford and Val Hoyle. Horsford made his intentions clear: “You can’t have a seat at the table if you’re not in the room.”

Hoyle, meanwhile, rejected the notion that government efficiency should be a partisan issue. “If you think there aren’t ways to make government more efficient, you’re not living in the real world,” she said.

The national debt and tax cuts

Elon and Vivek’s task becomes even more daunting when you look at America’s $36 trillion national debt. The Congressional Budget Office predicts that debt could reach 166% of GDP by 2054 if spending isn’t curbed.

Critics warn that if D.O.G.E fails to deliver those huge cuts as promised, the government will have no choice but to borrow even more. Trump has already floated the idea of eliminating the statutory debt ceiling altogether to allow unlimited borrowing.

While it could temporarily stave off debt crises, it also risks triggering a financial disaster in the long run. The specter of tax cuts complicates things some more. During Trump’s first term, his administration added nearly $8 trillion to the national debt, thanks in part to tax breaks.

If Elon and Trump’s second-term strategy follows the same route—cutting taxes without proportionate spending reductions—the debt could spiral even faster.

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